Spot aluminium trades quiet as buyers stand on sidelines

Published: Dec 25, 2018 14:21

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Spot discounts in Shanghai were heard at 80-70 yuan/mt against the SHFE 1901 contract

SHANGHAI, Dec 25 (SMM) – Spot aluminium sellers were keen to offload cargoes at the end of the year but buyers stood on sidelines and trades were thin on the morning of Tuesday December 25, SMM research found.

The SHFE 1901 contract traded rangebound in the morning. Spot discounts in Shanghai were heard at 80-70 yuan/mt against the SHFE 1901 contract, flat from the previous day.

Most transactions occurred at 13,620-13,630 yuan/mt in Shanghai and Wuxi and 13,640-13,660 yuan/mt in Hangzhou. Prices stood 20 yuan/mt higher from Monday.

Transactions in Guangdong were heard at 13,770-13,780 yuan/mt.

Market commentary Aluminium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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